The global utility poles market size is projected to reach around USD 59.5 billion by 2027, growing at a CAGR of 3.4% from 2020 to 2027.
Some of the factors that drive the utility poles market growth include growing global energy consumption, expansion of the global telecommunication industry, and approval of steel as a green material. Utility poles are mainly employed to support and connect electric wires that carry electric current. Therefore, energy transmission and energy distribution are the two major applications of the utility poles where they play a significant role in supporting utility infrastructure and fulfilling energy needs as per the demand. On the other hand, the rise in trend for underground cables and wiring network limits the growth of the global market. In addition, strict regulations against deforestation are anticipated to challenge the global market growth during the forecast period. Nevertheless, the emergence of composite utility poles that exhibit superior properties and are cost-effective in nature is projected to offer profitable growth opportunities in the next five years. Acceptance of composite material in utility industry is the recently observed utility poles market trends across the globe.
Some of the major market players studied and profiled in the global utility poles market are Valmont Industries Inc., Skipper Ltd., Nippon Concrete Industries Co. Ltd., El Sewedy Electric Company, Hill & Smith Holdings PLC, Stella-Jones, FUCHS Europoles GmbH, Omega Factory, Pelco products Inc., RS Technologies Inc., and others.
By Pole Size